Credit Suisse plans autocallable yield notes tied to four tech stocks

By Angela McDaniels

Tacoma, Wash., April 1 – Credit Suisse AG, London Branch plans to price 11% to 12% autocallable yield notes due April 22, 2019 linked to the class A common stock of Alphabet Inc., the common stock of Amazon.com, Inc., the class A common stock of Facebook, Inc. and the common stock of Netflix, Inc. and according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable quarterly. The exact interest rate will be set at pricing.

The notes will be called at par if each stock closes at or above its initial share price on any quarterly observation date.

The payout at maturity will be par unless any stock finishes below its knock-in level, 50% of its initial share price, in which case investors will be fully exposed to the decline of the least-performing stock.

Incapital LLC is the agent.

The notes will price April 18.

The Cusip number is 22548Q2N4.

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